What is Automated Storage and Retrieval System Market Scope?
Automated Storage and Retrieval System (AS / RS) were once considered out of reach by many smaller order fulfillment companies and retail warehouses that did not have the budget to invest in such advanced technology. As AS/RS technology has advanced rapidly over the years, new options offer a variety of sizes, speeds, costs, and flexibility, and have skyrocketed the speed of system adoption. This has made AS/RS technologies one of the most popular and effective investment options available to most businesses. AS/RS technology varies widely and can consist of shuttles, cranes, carousels, vertical lift modules (VLMs), micro loads, mini loads, unit loads, or other systems. Automated warehouse and retrieval systems are inventory management systems commonly used in manufacturing centers, distribution facilities, and warehouses. They consist of a variety of computerized systems for automatically placing and retrieving loads from one location to another. These systems are used where large-volume loads are to be transported from one location to another, as they offer fast, accurate, reliable, and inexpensive solutions.
The Automated Storage and Retrieval System market study is being classified by Type (Unit-Load, Mini-Load, Mid Load, Autostore, Carousel and Vertical Lift Module), by Application (Small Enterprises and Medium & Large Enterprises) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Players from European will contribute to the maximum growth of Global Automated Storage and Retrieval System market throughout the predicted period.
Daifuku Co. Ltd (Japan), SSI Schaefer Group (Germany), Murata Machinery (Japan), Dearborn Mid-West Company, LLC (United States), KION (Germany), Egemin Automation, Inc. (Belgium), Knapp AG (Austria), Toyota Industries (Japan), TGW Logistics Group GmbH (Austria), Kardex Group (Switzerland), Swisslog Holding AG (Switzerland), Mecalux SA (Spain) and Vanderlande Industries (Netherlands) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are System Logistics Corporation (Italy), Bastian Solution (United States) and Beumer Group GmbH & Co. Kg (Germany).
Analyst at AMA have segmented the market study of Global Automated Storage and Retrieval System market by Type, Application and Region.
On the basis of geography, the market of Automated Storage and Retrieval System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In March 2020, KION, the parent organization of Dematic, had acquired Digital Applications International Limited (DAI). The addition of DAI has hereby significantly expanded Dematic's intralogistics software offering so as to support the transportation, storage, as well as distribution of goods across the supply chain.
Influencing Market Trend
- Increase in Implementation of AS/RS in Distribution Supply Chain and Inventory Management
- Rise In Adoption of Big Data Technologies among Organizations to Enhance the Consumer Target Marketing and Risk Management Abilities
- The Rising Adoption of Automated Systems
- The Growing Retail Industry across the Globe
- A Surge in Applications of Mini-Load and Shuttle AS/RS in E-Commerce Industry Due to COVID-19 Impacts
- Rise in Need to Reduce Labor Costs and Achieve Optimum Utilization of Space
- The Increasing Technological Advancements
- A Rise in Awareness Regarding ASRS in Industries
- The Surge in Demand for ASRS in Aviation Industry
- High Initial Investment and Difficulty in Customizing Once Implemented
- Unavailability of Technical Expertise and Skilled Workforce
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Providers of Automated Storage and Retrieval System, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research & Media features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.